New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-13
la TIMER Z. JONES'S AFF1IRS.
AN AGREEMENT WITH TWO CREDITORS.

AN AGREEMENT WITH TWO CREDIIORs
JoNEs's LoRpLY WAY OF TALKING ABOUT SMALL
MATTERS LIKE $4,000.
Further cstigaon regarding the career of Lat
inner f. Jones tho Orange County farmer nd organizer
Of the Ball Electric Light and United states Dredging
and Canal Construction companies, and Of the New
York Creamery Association and New-York Auction
Lumber Company 0mitcdl, shows some additionai
facts Of interesting character The principal SUI
fcrcr appears 10 be BENJAMIN L. Ludington, lawyer
who claims TO have advanced Jones at various times
the OF SGj7 900, though John T. Martin the "ei-
known proprietor Of the Brooklyn warehouses which
bear his mace was also induced to put some $4,000
into tho ventures, through Mr. LudnTons rpc-
scntaons a. to Joncss good faith and financial ability
For the purpose OF securing MIR. Ludlngton, and to
reimburse Mr.. Martin, trust agreement was entered
into. after the cunfcs sion Of Jones that the paper "h'h
Mr.. Ludlng,on had lndorScd was spurious or forged.
The parties to this agreement wcro Jones' Lndington
and John I. Martin. trustee In order 10 save her
husband from the legal consequences OF his pccuiar
mode OF raising money, Mrs Jones conveyed to Mr.
Martin all her interest In the estate Of her father
Lewis Colwcll. valued at $4,000, and alo three
houses and lots n East Eighty cghth--t.. between
Second and Thirl avcs.. estimated at $4,000 morr.
Jones transferred to Martin his interest I'm tho New
York Creamery Association, 1000 shares Of Ball Icc-
trio Light took and 1000 shares OF the STOCK of The
United States Dredging and canal Company. Martin
promised IN tlls agreement that when certain OF
Jocs's notes and obligations. amounting 10 Sljl,1oo,
have been nquldacd he Will reconvcy 10 Mr.. Jones
tho property Of her father, estate aud her house, in
Eighty clclth-st Ludrgton IS TO be paid 100000
within four years from the date Of the agreement, aud
100000 within two years more
BAXKs WHICH HOLD JoNRss PAPER
Tho banks which bold the principal amount Of ib'
ncou, and forged paper are the Broahway National
tho Chemical Nailonal, tho Callarn National, the
seventh ard and the seventh Avenue banks. J"rcs
kept accounts tho Chemical aud scv'nth Avenue
banks.
In supplementary proceedings recently brought 10y
4 Judgment creditor. George Hawkins against jones'
great efforts vcro mad" by the painiih- counsel
! Gub,rt H. Lamb 20 cau-c Jouc, 10 disclose how ho
had disposed of the large sums be had received from
Ludinrton 81 found great difficulty said Mr Lamb
vc,,crav ain getting anything Ike explicit answers
from Jones. \, q witnc,s hc was wor- than jake
sharp before tho senate Committee u" 'ia''" III
hi- answers that tho patents of The hdl lI'''"'
Light Company belonged TO himself and D. W. 9.
WLc,l.r and that he considered them worth Sl"o""-
lie .ad hc received since May Of last year largo
amount, from Iud.nsion. Asked h"" much more lac
received, hc said Il cannot tell
was It over S3oo"Oo"
u don't know.
"VaS il over 75OcoOo!"
Il don't know
~vIl vou swear that it f. not over 5,oo,ooot
Nh sir: | VIII not swear anything about IT,
lie said he had pad It oui to different persons, bnt
| couldn't remember to WHOM. y hitlc matter ~
$1,000 or $1,000 hc could not recall, he ~a'd Nh'"
| a tran-action Of $500 wa spoken Of he sad lie
never could Keep such mall matters In his NINA over
! three days.
Lame. uycd I'm great stylc at the kiueland cottage
at Jll,cron durus tho summer Of lesG, drove fat
horse. and ,Lcnt money freely. The furniture Of the
cottage which cost over 10000, was sold ahcr"ah
at shcrns slc.
In hi. examination Jonc, admitted that ho Lad
uaho a number Of as gnmcnt- and transfers oi prop
crty siorll- etc, Eas su, = Ransom some oi 'hese
vcr, mado to Mr. Ransom trustee and some III
uayucut Of counsel fees. Iui Mr. Jones wa- unable
n remember any circumstances connected win ih'-o
| assignments or To- give any information 'o"'''"'"'
them.
WHAT SOME OF IiII MEN INTER- SrED SAY.
| 4 reporter called to MIR. Ransom yesterday
but his partner. Edward j. knaucr, SAID that h' was
out Of town and would not return untlI lu'SdsS'
William g. Choaic, counsel for John r. Martini "uS-
| ice laid that Mr. Martins connection with the case
| y.s nurcIv a business matter Mr. Martin wa sim
Ily irving to get back tho money ho h%i %INanocu.
W tboae laid that the property transferred by Jones
! Ia Martin was practically worthless 40 ulspo-l,lu,n
had yet been made by Mr.. Mar'ih oi mo Ica - en IL
conveyed to him by Mrs. Jones, although nc Was US
po,lng Of some Of The personal property and applying
! If to the payment of Liabilities IL Is uhuri-"oa
iot snits wll Ice brought hy other creditors lo set
aside the Martin trust agreement, on the ground lhat
si,Hntn iudtnston ,,ld last evening that the cf
forts of certain person. to create the IMPRESSION & liza
Jones insane were absurd 10 ias~no a, ar,v Ina
Sir Ludngton, "csuld deliberately plan ana carr nv" :"
effect such moscrpiccs OF ra'eality iic admi,'eu "
mo shortly after had confessed that to
had indorsed were principally either Icre'u y" hnk he
that he expected TO got tw.nty years Tor u. n mo
ought Tho state that lsng at least Hi Is 1,rs
said that hc had paid aud tikon mp mss Vl io in.
ous paper, ana that itteof was no." nov, "1. Tn. had
of which he bad deraudeh M ni III .D Of
ccalel that ii was Impossible FOR hm 10 nay. hot
| it, When under examination Jones adst'oh " .a
| lie had transferred large amount "i -
fan ,Ic nofi Ak
eyaded service or tho shcrns writ Tor ssme , ,r
was serv ved upon finally; but she failed tn appo' W.
examiu.ton II found she will bo liable 10 iho an" I'LL
| pri.samont for contempt OF conrt , ,du,s,t
sone OF tho names signed TO the forged anu "arI
paper 40 losws: Wood. son 4 90. ~, ~ tI' IIisf'
| Banks A. B Hudson a Co. Hal sou. an ~. -
| Bell Il co.. A. Furman a Co., Banks Br"ther' ~
ford and VI. Freeman BosefL
| MEASURES TAK'N BY THE BONDSMAN
| John Daley, tho bond,man for Jones, was al ,"o
District Attorney Office carly hour YESTERDAY
IN Learn, about the forfeited bond which he was IT.
| .non,blc to the amount OF =, 800. lie had as'"'
| tanned from Joncs's father that the young man w"
sin IN alI at Goshen where lac formerly owned largo
| and well equipped farm. Mr.. Daley SAID: IL a.,
-. ,lnugIf we'll OF tl. yOnng man aud cohslu,i'
,ta,, .,nod nisinsss man When received woiu lhal
Lls case was be- called on Friday. son. oN''
n,rc'' f,tcr In BROOKLYN and supposed that the y"nnb
T',n ,,n.,ld lc present dd MOI know that hc wa
| un,rr arrest in Goshen, or would haNo s""o "
! court To cA plain hi, matter , , A., ,,.s vae
r;cL bat las believed that Mrs. Jones owned a i"'
fa,ul ln Orange county. Mr. Daley proeurou i,,o
,iocd cony of he bond, and went to Goshen to iir
an authorization TO arrc.t Jone, with tle lai, ~ Zen
r, 80 Thai lac might be taken before tc .OhI' , vi ~
cral sessions on his release from ihc y, ,bc reve
MANY Of Jones's friends were surprised AT .io @
,a,nns of his career made yesterday Ho was coIirIs
In his way OF living and though some oI n,s few
susIected that hc had boeh guilty Of crimes s"ch hud
| have been charged against him iic has ono ,annv nm.
a"1 his hons Ife his friends say, had been happy
1 ,al iculf